The wise Mahatma Gandhi once said “to lose patience is to lose the battle.” Indeed, as the battle between buyers and sellers continues, the rangebound price action has tested the patience of investors. With the market’s consolidation appearing to occur in a long-term uptrend, building a “hit list” of potential candidates with long-term, high quality Demand profiles remains prudent should the uptrend show signs of resuming. For this week’s ETF Commentary, a “filter & sort” was performed to identify funds with above-average Demand (Power Rating > = 50), above-average yield (Yield > = 3.1%), and positive relative Demand scores (Power Rating Relative Strength > =0). The results were then sorted by Power Rating Momentum (3-week change in Power Rating) in descending order.
Lowry Weekly ETF Commentary September 22, 2023
Want to learn more? Download the Report.
Giving you confidence to navigate any market cycle.
Recent Lowry commentaries have focused on longer-term trends in areas with robust...Read more